HomeMy WebLinkAboutCity Council Resolution 14-034 - Establishing FY 201415 GANN Limit RESOLUTION NO. 14-034
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
ESTABLISHING THE FISCAL YEAR 2014/15 GANN LIMIT APPROPRIATION
FOR THE CITY OF SARATOGA
WHEREAS, the City of Saratoga has established its Base Year Appropriation Limit as
$5,961,747 in Fiscal Year 1978/79; and
WHEREAS, the cumulative changes to population and to the California per capita
personal income since the Base Year established the revised Proposition 111 Fiscal Year
1996/97 Appropriation Limit as $16,153,314, and
WHEREAS, to the best of the City's knowledge and belief, the State Department of
Finance figures provided to the City in response to Proposition 111 passed by the voters in June
1990, reflects the appropriate statistics relevant to the calculation of the Fiscal Year 2014/15
Appropriation Limit, which includes:
• County population adjustments for the year ended December 31, 2013 equal to 1.50%, and
• City population adjustment for the year ended December 31, 2013 equal to 0.66%, and
• Change in California per capita cost of living for fiscal year 2014/15 equal to -0.23%
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Saratoga
hereby resolves that, based on the foregoing figures and the provisions of the Article XIIIB of
the Constitution of the State of California, the following figure accurately represents the Fiscal
Year 2014/15 Appropriation Limit for the City of Saratoga at: $36,243,974
The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 4t" day of June 2014 by the following vote:
AYES: Mayor Emily Lo, Vice Mayor Howard Miller, Council Member Manny
Cappello, Chuck Page, Jill Hunter
NOES: None
ABSENT: None
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ABSTAIN: None
Emily Lo, Mayor
ATTEST:
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Cr�s al Bothelio, City Clerk